Crypto loans let you borrow fiat currency, like US dollars, against your crypto holdings. You can use these proceeds to buy more crypto, purchase a car or home, or anything else you like. Crypto assets put up as collateral are still owned by the borrower, so you continue to benefit if the price of the collateral appreciates.

Many people are currently filled with FUD thoughts, especially since crypto OGs won’t stop yelling "Buy the dip!" I probably won't be willing to spare my crypto at the moment. Even big crypto lending platforms such as 3AC, Celsius, and a few others collapsed or filed for bankruptcy due to their bogus yield offerings.

The only perfect strategy right now would be to:

- Choose a highly secure centralized exchange with no prior issues.
- Start buying as much dip as you can afford.
- Do not borrow funds to buy a dip; don't even think about it.
- Do not use funds meant for urgency or important tasks to stack up dips.

I hope this information helps you make an informed decision.